Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

A Simple Plan

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In spite of countless forces pushed the market up and down over the past half year, the market’s directional shifts have been surprisingly simple and relatively regular:

0624-es

It does seem to me that if there is “good” news with respect to the Greek situation (e.g. “we’re going to loan them billions more so that they can give the money back to us and pretend they are making interest payments on a debt that can never be repaid”) the market explodes higher, whereas if there is “bad” news (e.g. “Ummm, no, we’ve had enough of this”) then the ES edges down just a handful of points, like right now.

In any event, as the rightmost red line I’ve drawn above suggests, it seems to me that recent history suggests that next few weeks are more prone to a down-move than another up one. I’ve positioned myself accordingly.